[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:07.58,0:00:16.33,Default,,0000,0000,0000,,Section 61 is for gross income, section 61 is GI.
Dialogue: 0,0:00:18.04,0:00:28.100,Default,,0000,0000,0000,,Section 61 is for gross income, and it comes from any source it is derived.
Dialogue: 0,0:00:29.09,0:00:33.79,Default,,0000,0000,0000,,You can get gross income from services from dividends and property
Dialogue: 0,0:00:34.16,0:00:41.06,Default,,0000,0000,0000,,You can get gross income from business and royalties
Dialogue: 0,0:00:41.06,0:00:46.77,Default,,0000,0000,0000,,You can get gross income from a decedents, like an insurance policy
Dialogue: 0,0:00:46.77,0:00:49.47,Default,,0000,0000,0000,,or contracts and dividends and trusts and alimony
Dialogue: 0,0:00:49.47,0:00:56.59,Default,,0000,0000,0000,,and I said Section 61 is for Gross Income
Dialogue: 0,0:00:56.59,0:01:01.88,Default,,0000,0000,0000,,Section 61 is GI
Dialogue: 0,0:01:01.88,0:01:06.67,Default,,0000,0000,0000,,Section 61 is for Gross Income
Dialogue: 0,0:01:06.67,0:01:11.76,Default,,0000,0000,0000,,and it comes from any source it is derived.
Dialogue: 0,0:01:11.76,0:01:16.99,Default,,0000,0000,0000,,But, did you really know what Professor Shurtz said,
Dialogue: 0,0:01:16.99,0:01:21.37,Default,,0000,0000,0000,,that GI can be realized from receipts or benefits
Dialogue: 0,0:01:21.37,0:01:26.83,Default,,0000,0000,0000,,These benefits include services and meals
Dialogue: 0,0:01:26.83,0:01:31.31,Default,,0000,0000,0000,,but also stock and lodging, property which does appeal
Dialogue: 0,0:01:31.31,0:01:36.85,Default,,0000,0000,0000,,Section 61 is for Gross Income
Dialogue: 0,0:01:36.85,0:01:41.55,Default,,0000,0000,0000,,Section 61 is GI
Dialogue: 0,0:01:41.55,0:01:46.25,Default,,0000,0000,0000,,Section 61 is for Gross Income
Dialogue: 0,0:01:46.25,0:01:51.29,Default,,0000,0000,0000,,and it comes from any source it is derived.
Dialogue: 0,0:01:51.29,0:01:53.78,Default,,0000,0000,0000,,I wanna tell you a story
Dialogue: 0,0:01:53.78,0:01:56.66,Default,,0000,0000,0000,,about Cesarini's treasure trove
Dialogue: 0,0:01:56.66,0:02:01.43,Default,,0000,0000,0000,,The IRS wanted the money, but Cesarini said Oh No
Dialogue: 0,0:02:01.43,0:02:03.62,Default,,0000,0000,0000,,This money ain't Gross Income
Dialogue: 0,0:02:03.62,0:02:05.13,Default,,0000,0000,0000,,cause I didn't even know it was there
Dialogue: 0,0:02:05.13,0:02:10.39,Default,,0000,0000,0000,,We found it many years later and it's ours fair and square
Dialogue: 0,0:02:10.39,0:02:13.51,Default,,0000,0000,0000,,Well, fair and square it may have been, but you must
Dialogue: 0,0:02:13.51,0:02:15.31,Default,,0000,0000,0000,,claim that loot.
Dialogue: 0,0:02:15.31,0:02:19.52,Default,,0000,0000,0000,,Cause under 61, it can be taxed and it was yours without dispute
Dialogue: 0,0:02:19.52,0:02:21.68,Default,,0000,0000,0000,,Here we go, Section 61
Dialogue: 0,0:02:21.68,0:02:24.32,Default,,0000,0000,0000,,is for Gross Income
Dialogue: 0,0:02:24.32,0:02:27.65,Default,,0000,0000,0000,,Section 61 is GI
Dialogue: 0,0:02:27.65,0:02:33.84,Default,,0000,0000,0000,,Section 61 is for Gross Income
Dialogue: 0,0:02:33.84,0:02:44.19,Default,,0000,0000,0000,,and it comes from any source it is derived.